personally believe that the surat projects will be delayed 9its a no brainer), its been priced and and to be fair it would be a sensible decision to make. it would take the pressure of funding and give us time to concentrate on 1)Baralaba and expansion and 2) give us a chance to perhaps look at getting perhaps investors in to make a bid for lets say a carabella. its not beyond us and it would be a good deal if it could get done
at current prices surat simply isnt viable when longer term we may make 2-3 times more more on it! imports from china/japan/korea will incres over time and so these levels will improve significantly however its just not now.
we have got 30million worth in wiggins island (shares) that we can sell at anytime to get an instant injection of cash to help us along as Baralaba expansion kicks in!
COK Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
